Uruguay: Powdered Milk Market 2024

Powdered Milk Market Size in Uruguay

The Uruguayan powdered milk market surged to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption saw strong growth. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Powdered Milk Production in Uruguay

In value terms, powdered milk production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. Powdered milk production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Powdered Milk Exports

Exports from Uruguay

In 2022, after two years of growth, there was decline in shipments abroad of powdered milk, when their volume decreased by X% to X tons. Overall, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then contracted modestly in the following year.

In value terms, powdered milk exports rose markedly to $X in 2022. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Algeria (X tons), Brazil (X tons) and China (X tons) were the main destinations of powdered milk exports from Uruguay, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for powdered milk exported from Uruguay were Algeria ($X), Brazil ($X) and China ($X), together comprising X% of total exports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average powdered milk export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price showed a modest increase. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Nigeria ($X per ton) and Brazil ($X per ton), while the average price for exports to Egypt ($X per ton) and Cuba ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into Uruguay

After three years of growth, purchases abroad of powdered milk decreased by X% to X tons in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, powdered milk imports shrank dramatically to $X in 2022. Overall, imports, however, continue to indicate a mild expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then declined notably in the following year.

Imports by Country

In 2022, Argentina (X tons) was the main powdered milk supplier to Uruguay, accounting for a X% share of total imports. It was followed by France (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina amounted to X%.

In value terms, Argentina ($X) constituted the largest supplier of powdered milk to Uruguay, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina stood at X%.

Import Prices by Country

The average powdered milk import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered milk import price increased by X% against 2018 indices. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Argentina amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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